We've often highlighted how federal and state regulators who target short-term lenders only end up hurting…
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Federal Regulators Again Target Short-Term Lending, Hurting Struggling Americans They Claim to Help

We've often highlighted how federal and state regulators who target short-term lenders only end up hurting the struggling Americans they claim to be helping.

That dynamic is even more pronounced in times of increasing economic uncertainty like today.

According to a 2018 study from the federal government itself, nearly 40% of American families don’t possess sufficient savings to cover even a $400 emergency expense, including 51% of military service members living paycheck-to-paycheck.   For such people, credit cards aren’t always a viable option and traditional bank loans aren't feasible because of the small amounts involved.

They can, however, access desperately-needed money for the short-term via consumer finance loans.   Unfortunately, the Biden Administration, the Pelosi…[more]

July 05, 2022 • 07:23 PM

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Home Jester's Courtroom Posh Preschool Sued for Failing to Prep Toddler
Posh Preschool Sued for Failing to Prep Toddler Print
Thursday, March 17 2011

A New York mother is suing her daughter's preschool, calling it "one big playroom" after her daughter was denied enrollment in elite elementary schools.
 
Nicole Imprescia is suing York Avenue Preschool in New York's Upper East Side neighborhood, seeking damages equal to the $19,000 annual tuition Imprescia paid the school during her daughter's enrollment since the age of two.  Imprescia said she heard the school's sales pitch and was hooked by the promise that attendance in the posh preschool would help her daughter on standardized tests used for admission to the city's most competitive public and private kindergartens.  Instead of prepping her daughter, Imprescia claims the school "dumped" her daughter with younger children who were learning shapes and colors.
 
"Indeed, the school proved not to be a school at all, but just one big playroom," according to the lawsuit, which claims Imprescia was deceived and defrauded.  A toddler who takes the wrong first step could ultimately trip up his or her chances for acceptance into an Ivy League college and for earning a higher income, the lawsuit claimed.  "There is tremendous pressure to choose the right preschool," it said.
 
An attorney for Imprescia, Mathew Paulose, Jr., said the child was pulled out of the preschool in October 2010, close to the start of the school year and, therefore, the full tuition should be returned.

"It's a case of theft. They promised certain things but it turned out to be another thing," Paulose said.
 
According to news reports, the lawsuit was filed in the weeks after many elite elementary schools send out their acceptance and rejection letters.
 
—Source:  in.reuters.com

Quiz Question   
What percentage of U.S. Supreme Court decisions in the just-completed 2021-2022 term were decided unanimously?
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Notable Quote   
 
"Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It's either straight ahead misdirection or a deep misunderstanding of basic market dynamics."…[more]
 
 
—Jeff Bezos, Amazon Founder
— Jeff Bezos, Amazon Founder
 
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